Hungary recently published several government decrees amending the application of the temporary windfall taxes on the extra profits of financial institutions, energy companies, retailers, and others that were introduced through Government Decree 197/2022 in June 2022 (previous coverage). Some of the main amendments are summarized as follows: Financial institutions - the tax base for the surtax on financial institutions, which was originally the annual net revenue of the preceding year computed in accordance with the Local Taxes Act, is amended such that income from the sale of goods and services not derived from usual business activities is excluded from the...